SpaceX (NASDAQ:SPCX) Stock Jumps 1.1% – Should You Buy?

Shares of SpaceX (NASDAQ:SPCX) traded up 1.1% on Tuesday. The stock traded as high as $151.36 and last traded at $148.58. 94,985,048 shares changed hands during trading, a decline of 8% from the average daily volume of 103,216,000 shares. The stock had previously closed at $146.90.

SpaceX News Roundup

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly results: SpaceX reported $14.58 billion in third-quarter revenue, up 161% year over year, and $0.35 in adjusted EPS versus a $0.10 consensus estimate. Net income reached approximately $4.4 billion, reinforcing the growth narrative. SpaceX earnings report
• Positive Sentiment: AI growth and financing: The company secured a binding commitment for roughly $40 billion of financing for Nvidia Vera Rubin GPUs and related data-center equipment. The buildout is intended to expand Grok and cloud-computing capacity, with equipment expected to be delivered beginning in 2027. SpaceX GPU financing deal
• Positive Sentiment: More bullish targets: Bernstein raised its SpaceX price target to $268 from $248 and retained an Outperform rating, citing AI infrastructure and potential orbital data-center opportunities. Other coverage points to consensus upside, although price targets are inherently uncertain. Bernstein raises SpaceX target
• Positive Sentiment: Commercial momentum: easyJet’s planned Starlink installation expands SpaceX’s aviation connectivity footprint, while the company’s spectrum holdings support longer-term ambitions in wireless communications. Starlink easyJet agreement
• Neutral Sentiment: Potential Tesla combination: Special committees at SpaceX and Tesla are evaluating a possible merger. Supporters see synergies in AI, chips, energy and robotics, but deal terms, timing and shareholder ownership remain unresolved. SpaceX Tesla merger discussions
• Negative Sentiment: Execution and valuation concerns: More than half of quarterly revenue came from the AI segment, while roughly 84% of capital spending supported AI. The $40 billion financing adds leverage, and critics question whether customer demand and future returns will justify the spending. The stock also trades at a demanding valuation relative to sales. SpaceX AI spending risks
• Negative Sentiment: Competitive risks: Verizon’s CEO estimates that building a terrestrial wireless network could require up to eight years and $500 billion, suggesting SpaceX’s telecom ambitions may require enormous additional investment and face entrenched carrier competition. Verizon comments on SpaceX wireless plans

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPCX. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $235.00 price objective on shares of SpaceX in a report on Monday, September 28th. Seaport Research Partners lowered shares of SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings started coverage on SpaceX in a research note on Tuesday, September 1st. They issued a “sell (d)” rating for the company. Barclays raised their target price on SpaceX from $254.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price target on shares of SpaceX in a report on Wednesday, August 26th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, SpaceX has an average rating of “Moderate Buy” and an average target price of $244.97.

SpaceX Trading Up 1.1%

The company has a market cap of $1.96 trillion and a price-to-earnings ratio of -1,650.89. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $149.24.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The business had revenue of $14.57 billion during the quarter. During the same quarter in the prior year, the firm earned ($0.36) EPS. The company’s revenue for the quarter was up 161.4% compared to the same quarter last year. On average, equities research analysts predict that SpaceX will post 0.13 earnings per share for the current fiscal year.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the sale, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Trading of SpaceX

Several large investors have recently added to or reduced their stakes in the business. SC US Ttgp LTD. acquired a new position in SpaceX during the 2nd quarter worth $20,933,621,000. Darsana Capital Partners LP acquired a new position in shares of SpaceX during the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC bought a new stake in shares of SpaceX in the 2nd quarter worth $6,587,531,000. State Street Corp acquired a new stake in SpaceX in the 2nd quarter valued at about $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new stake in SpaceX during the second quarter valued at approximately $1,366,880,000.

SpaceX Company Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.